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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Russ who wrote (27992)5/6/1998 3:38:00 PM
From: Mike M2  Read Replies (1) | Respond to of 132070
 
Russ, the first time I heard the popular press cover this issue was WSJ mid July96 by Roger Lowenstein then Barron's Nov. 96 in an interview with Martin Barnes of BCA. When FASB proposed addressing this "issue" the accounting firms thought it was a good idea until their clients squealed like pigs. If memory serves, even AG did not like the idea. I don't know who AG works for but it seems to me that the public welfare is the least of his concerns. i believe history will judge AG harshly and rightly so IMO for helping to create one of the biggest bubbles in history. BTW I highly recommend reading the gold-eagle articles and others there I posted on de thread. Mike



To: Russ who wrote (27992)5/7/1998 12:00:00 PM
From: Knighty Tin  Respond to of 132070
 
Russ, Who cares? Since MSFT will be worth more than GDP at that time, that is small change. Besides, it is a one-time event and everyone knows THEY don't matter. For example, if I take every penny I own and bet it on a horse who has three legs, I haven't really lost any money because it is a non-recurring expense and a one-time write-off. Since I can no longer afford to pay my way into the track, we know the event won't recur. <G>

MB